Royal Fund Management LLC Boosts Holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Royal Fund Management LLC lifted its position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 8.3% during the 4th quarter, HoldingsChannel reports. The fund owned 48,244 shares of the company’s stock after purchasing an additional 3,700 shares during the period. Royal Fund Management LLC’s holdings in Vanguard Mega Cap Value ETF were worth $6,073,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV acquired a new stake in Vanguard Mega Cap Value ETF in the 3rd quarter valued at about $36,000. CENTRAL TRUST Co acquired a new stake in shares of Vanguard Mega Cap Value ETF during the 3rd quarter worth approximately $40,000. Angeles Wealth Management LLC purchased a new position in shares of Vanguard Mega Cap Value ETF during the 3rd quarter worth approximately $46,000. WFA Asset Management Corp boosted its position in shares of Vanguard Mega Cap Value ETF by 93.5% during the 3rd quarter. WFA Asset Management Corp now owns 474 shares of the company’s stock worth $61,000 after purchasing an additional 229 shares during the period. Finally, Concourse Financial Group Securities Inc. boosted its position in shares of Vanguard Mega Cap Value ETF by 65.2% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 570 shares of the company’s stock worth $73,000 after purchasing an additional 225 shares during the period.

Vanguard Mega Cap Value ETF Stock Up 0.7 %

Shares of MGV stock opened at $128.75 on Tuesday. The stock has a market capitalization of $7.98 billion, a PE ratio of 18.88 and a beta of 0.66. The firm has a 50 day moving average of $128.38 and a two-hundred day moving average of $126.38. Vanguard Mega Cap Value ETF has a 52 week low of $107.85 and a 52 week high of $133.82.

About Vanguard Mega Cap Value ETF

Vanguard Mega Cap Value ETF, formerly Vanguard Mega Cap 300 Value Index ETF, seeks to track the performance of a benchmark index that measures the investment return of the largest-capitalization value stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which represents the value companies of the MSCI US Large-Cap 300 Index.